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AFRICAN BARRICK GOLD (NASDAQ:ABGLY) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report released on Wednesday, American Banking and Market News reports.

Shares of AFRICAN BARRICK GOLD (NASDAQ:ABGLY) remained flat at $4.25 during during mid-day trading trading on Wednesday. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company’s market cap is $871.4 million.

A number of other analysts have also recently weighed in on ABGLY. Analysts at Liberum Capital downgraded shares of AFRICAN BARRICK GOLD from a “hold” rating to a “sell” rating in a research note to investors on Wednesday. Analysts at Numis Securities Ltd downgraded shares of AFRICAN BARRICK GOLD from a “hold” rating to a “sell” rating in a research note to investors on Monday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.20.

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